Thursday, July 15, 2010

Wednesday, July 14, 2010

7-14-10: Wednesday -- Balance Extreme




Today was balance structure with a whole lot of volitility. A break in either direction of this 2 day range should bring in some directional movement.

Tuesday, July 13, 2010

7-13-10: Tuesday -- Up, Up and Away







All-in-all a wonderful acceptance today of the overnight mark up with price not being able to break down below the VWAP.

The only fly in the ointment in today's internals was the cumulative delta. It sported persistent negative readings all day long. In built to the downside all day long for the most part. Readings like this have lead to reversals in the past.

But INTC blew away numbers so we are probably going to get another 10+ gap tomorrow.

Monday, July 12, 2010

7-12-10: Monday -- The Buyers Are Not Going Away





Today was a big balance day in nature, but yet still was an up day to keep up the one time-framing daily structure intact. Russel and Naz big divergences today. Low volume.

Confidence level of today's up move is weak. But the fact that it pulled off such an up move, and featured buying off the morning lows, leaves me respectful of this upmove.

Tuesday, July 6, 2010

6-7-10: Big Gap Filled


Anytime there is an extended move down late in the trading session, a double bottom or transitional structure stop gun is typically a lead-in to a short covering rally back to the VWAP.

Especially at a big reference like a huge gap fill!

Today's afternoon session was textbook in this regard.

Sunday, July 4, 2010

Thursday, July 1, 2010